Pacific Islands seafood startups face ‘capital gap’

Undercurrentnews
  • Jason Smith
  • December 15, 2015

Small seafood companies in the Pacific Islands face all of the regular challenges that small businesses face and then some: remoteness, high transportation costs, and small markets whose consumers often have little disposable income.

But the biggest challenge for island-based firms who want to take advantage of the ocean’s resources is a familiar one to startups anywhere: Lack of available finance.

That challenge, several Pacific Islands-based seafood startups told Undercurrent News at November’s Fish 2.0 business competition, means that a gap has emerged for firms.

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